Daily News

Economic gauge's growth rate falls

December 07 2007

The growth rate for the Economic Cycle Research Institute's forward-looking gauge of the U.S. economy for the week ended Nov. 30 contracted 2.7%. ECRI's weekly leading index level, however, rose to 138.7 from 136.9.

The growth rate and level can move in opposite directions because the index level measures weekly changes while the growth rate is derived from a four-week moving average.

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